Covalent Network (CQT) establishes cooperation with the University of Calgary to jointly promote blockchain technology innovation

Covalent Network (CQT) announced a groundbreaking collaboration with the University of Calgary to advance blockchain data research and accessibility. The University of Calgary has become the first academic institution to join Covalent Network (CQT) as a validator. This cooperation not only marks the expansion of Covalent Network (CQT), but also further consolidates its commitment to education and innovation in the Web3 field.

The University of Calgary will serve as a validator and receive staking rewards denominated in $CQT assets, which will be used to support valuable research projects. The Covalent Network (CQT), in partnership with the University of Calgary, has donated 175,000 $CQT tokens (worth approximately CAD $44,000) to demonstrate support for academic pursuits and foster innovation.

Haskayne Business School's renowned finance professor Dr. Alfred Lehar is the leader of this collaboration, and he sees this collaboration as an important step toward Web3 together, not just an academic venture.

Covalent Network (CQT) is further democratizing blockchain data and research opportunities by adding the University of Calgary to the ranks of validators. This initiative is consistent with the Covalent Network’s (CQT) vision to ensure that the benefits of education and research are properly distributed across different academic institutions. The expertise of Dr. Alfred Lehar and his team of research assistants at the University of Calgary will contribute to the development of the Covalent Network (CQT) and provide valuable insights for academic research and student education. This collaboration will further expand the influence of Covalent Network (CQT), making it an important force in promoting innovation in the fields of education and research.

Covalent Network (CQT) co-founder and CEO Ganesh Swami said:

The future of blockchain depends on the immediate availability of real-time and historical data, long-term storage in multiple formats. Dr. Alfred Lehar and his team will help achieve this goal.

Unlocking the Power of Covalent Network (CQT) Unified API

The core of this cooperation is Covalent Network (CQT) Unified API, this powerful tool can seamlessly Access real-time and historical blockchain data. The unified API serves as a portal, providing the university’s researchers, students, and developers with the ability to extract insights from the more than 200 blockchains indexed by the Covalent Network (CQT). Not only does this simplify blockchain exploration, it also provides a standardized basis for accessing historical data.

Covalent Network (CQT) is revolutionizing data availability in academia

Blockchain data, while publicly available, presents challenges in accessing and interpreting it. Dr. Alfred Lehar's team will play a key role in accessing, transforming and making these complex data available in a more user-friendly format. Covalent Network (CQT) will provide users with access to real-time network activity, including transactions, game mission completions and other data points.

Dr. Alfred Lehar, professor at the Haskayne School of Business at the University of Calgary, said: "For us, this is an opportunity to demonstrate this cutting-edge technology to students, develop new economies, and collect data that promotes in-depth research."

As an experienced leader in blockchain finance research, the University of Calgary’s collaboration with Covalent Network (CQT) aims to further explore the intersection of finance and technology. Insights gained from Covalent Network’s (CQT) blockchain data will contribute to ongoing research into how blockchain mechanisms can improve the efficiency of financial institutions.

This collaboration highlights Covalent Network’s (CQT) commitment to decentralizing education, promoting innovation, and ensuring that the global academic community fully leverages the transformative potential of blockchain technology. Together, the Covalent Network (CQT) and the University of Calgary are shaping a future where decentralized knowledge is the cornerstone of academic exploration and advancement.

About Covalent Network (CQT)

Covalent Network (CQT) focuses on blockchain data availability and supports millions of users to build new Economy, since its establishment, Covalent Network (CQT) has continued to help developers, analysts, etc. provide comprehensive, real-time data on more than 200 chains.

About the University of Calgary

Calgary is Canada’s entrepreneurial university. It is located in Canada’s most entrepreneurial city. As a top research university, It is one of the highest-ranking universities among its peers. Since its establishment in 1966, the school has adhered to innovative learning concepts and provided 35,000 students with a rich environment for research, practical experience and entrepreneurial thinking. It is a leader in Canadian startup companies.

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